South Africa's Q4 spending rises 4.3 pct: c.bank - CNBC Africa

South Africa's Q4 spending rises 4.3 pct: c.bank

Southern Africa

by Reuters 0

Household expenditure quickened to 1.6 percent in the fourth quarter from 0.6 percent in previous three months. Photo: Flickr.

South Africa's expenditure quickened by an annualised 4.3 percent in the fourth quarter of the year after increasing by a revised 1.4 percent in the previous three months, the central bank said on Tuesday.

Household expenditure quickened to 1.6 percent in the fourth quarter from 0.6 percent in previous three months.

Government spending was subdued, inching up 1.2 percent compared with a 1 percent expansion in the third quarter, the reserve bank said in its March quarterly bulletin.

 

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